Thousands of Socialist Party (PS) supporters celebrate after French television announced the victory of PS candidate for the 2012 French presidential election, Francois Hollande (not pictured), at Bastille Square, in Paris, France, 06 May 2012. Francois Hollande was set to become France’s first Socialist president in 17 years after routing the centre-right incumbent, Nicolas Sarkozy, in a bitter contest with far-reaching implications for Europe and the euro. According to voting estimations based on a partial vote count from the TNS Sofres institute, Hollande won with 52 per cent to Sarkozy’s 48 per cent.